Spain tackles Rising Rents and Shortage of Social Housing



Spain's Senate has approved a bill aimed at tackling the country's rising rents and shortage of social housing.

Spain's Senate has approved a bill aimed at tackling the country's rising rents and shortage of social housing. The new law would cap rent increases at 3% by 2024, and establish a new index for rent increases in 2025.

Spain tackles Rising Rents and Shortage of Social Housing

Regional authorities would have the power to cap rents in areas where prices are too high, and landlords owning more than 10 properties (or 5 in high-rent areas) would be penalized for leaving homes vacant. In addition, landlords must notify tenants of the exact date and time they must leave and extend the transition period for vulnerable tenants.
 

The bill was passed by the Spanish House of Representatives in April and is expected to be enforced quickly by Spain's leftist government ahead of regional and local polls on May 28.

Spain tackles Rising Rents and Shortage of Social Housing

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